Wind energy is the least-cost option for new power generating capacity

The global wind power market resumed its advance in 2014, adding a record 51 GW—the most of any renewable technology—for a year-end total of 370 GW.

An estimated 1.7 GW of grid-connected capacity was added offshore for a world total exceeding 8.5 GW.

Wind energy is the least-cost option for new power generating capacity in an increasing number of locations, and new markets continued to emerge in Africa, Asia, and Latin America. Asia remained the largest market for the seventh consecutive year, led by China, and overtook Europe in total capacity. The United States was the leading country for wind power generation.

 

Wind power met more than 20% of electricity demand in several countries, including Denmark, Nicaragua, Portugal, and Spain.
After years of operating in the red, most wind turbine makers pulled back into the black with all the top 10 companies breaking installation records.

 

Turbine designs for use on- and offshore continued to evolve to improve wind’s economics in a wider
range of wind regimes and operating conditions.

 

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